Water-Based Printing Inks Market: By Printing Process (Gravure, Flexographic, Offset Printing, Digital, Screen Printing, Sheet-Feed Printing, Others), By Application (Corrugated Cardboards, Flexible Packaging, Folding Cartons, Tags & Labels, Art, Others), By Resin Type (Acrylic, Maleic, Shellac), End-user Industry (Packaging Industry, Textile Industry) and Geography

Water-Based Printing Inks Market was valued at USD 9,346.7 million in 2022 and is poised to grow at a CAGR of 3.8% over 2023-2029. Water-Based Printing Inks are a type of ink that utilizes water as the main solvent for carrying pigment instead of plasticizer and lays down a thin, soft, flexible layer of ink on the substrate. The increased awareness of environmental issues to prevent the use of plastic and rising demand for more sustainable and eco-friendly products are expected to drive the market. Furthermore, the increased demand for commercial printing in various industries along with priority to positive brand image and enhanced reputation among environmentally conscious customers is also expected to propel market. The rise in digital printing with enhanced quality, and environment-friendly prints on a variety of substrates has provided an opportunity for manufacturers and sellers in the market to formulate water-based digital printing equipment to enhance the market. Moreover, the application of water-based inks in various industries like food packaging, pharmaceuticals, and cosmetics for packaging solutions has created opportunities for water-based inks to replace traditional solvent-based options. Additionally, the option of personalization, customization and flexibility to create vibrant, high-quality, and personalized prints are in trend in market that caters to consumer preferences for unique products. But longer drying time and non-adherence to some specific substrates compared to traditional procedures may hinder the market growth. However, the increased demand for packaging, increased penetration of the internet, awareness among consumers, technological and infrastructure development and increased disposable income are anticipated to heighten the market during the forecasted period.

Water-Based Printing Inks Market Key Developments:

• In May 2022, Siegwerk Druckfarben AG & Co acquired Italian ink manufacturer La Sorgente Spa, Siegwerk, a manufacturer of high-quality water-based flexographic inks for paper & board applications as well as solvent-based inks for flexible packaging
• In October 2020, Flint Group Packaging Inks, a manufacturer and seller of water-based inks for Flexographic applications to printers and converters across the United States acquired the Poteet Printing Systems LLC located in Charlotte, N.C